Compute the emergency fund ratio

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A household has the following statistics related to Balance Sheet and annual Cash Flow:fiance Sheet Items: in Dollars Cash 2,500 CD 12,000 Savings Account Balance 3,500 Credit Card Debt 9,500 Current Year Portion of mortgage 7,800 Cash Flow Items: Salary 115,000 Dividend Income 1,500 Discretionary Expenses 8,000 Non discretionary Expenses 28,975 Debt Repayment 8,700 Retirement Investments 15,500

Capital Expenditure-

Compute the Emergency Fund Ratio.

3.25

5.84

0.04

3.37

 

 

Reference no: EM132951447

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